HONG KONG, Dec. 17 (Chinese media) -- Wall Street's jump overnight after the U.S. Federal Reserve slashed its interest rates effectively to zero pulled Hong Kong shares higher Wednesday, led by China-focused companies and local property developers.
The blue-chip Hang Seng Index rose 330.31 points, or 2.2 percent, to 15,460.52 after trading between 15,179.38 and 15,557. 45.
Turnover reached 56.41 billion Hong Kong dollars (7.27 billion U.S. dollars), up from 40.32 billion Hong Kong dollars (5.2 billion U.S. dollars) Tuesday.
China Mobile rose 3.3 percent to 84.70 HK dollars, PetroChina ended 3.8 percent higher at 7.20 HK dollars and China Life gained 2.1 percent to 24.80 HK dollars.
Local property firms continued to rise after Tuesday's gains, but they came off their highs after major banks, such as HSBC and Standard Chartered, said in the afternoon they would leave their prime lending rates unchanged, despite the Fed's rate cut.
Henderson Land ended up 7.8 percent at 33.05 HK dollars, off a high of 33.30 HK dollars. New World Development rose 6.5 percent to 7.56 HK dollars, and Sun Hung Kai Properties closed 4.0 percent higher at 68.70 HK dollars.
Mainland mobile operator China Unicom rose 4.2 percent to 10.46HK dollars.
The finance sub-index went up 349.28 points or 1.50 percent to 23,669.95.
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